Trump Backs Tougher Ethics Rules in CLARITY Act; Crypto Industry Bets It Can Pass ↗
15 Sept, 00:22 JST
Republicans' 'last, best and final offer' won Trump's backing for stronger ethics rules and conceded on DeFi and stablecoin sticking points. Whether enough Democrats cross over in Tuesday's vote remains unclear.
Editor’s take
When tighter ethics rules are sold as a win for the industry, what they actually narrow is the space outside the rulebook. A bill passing looks like a new road opening, yet it is often really a matter of more checkpoints. The concessions on DeFi and stablecoins will show up concretely in how firms enter the market and what products they assemble after passage.
Read the evidence
- Who it affects
- Trading or holding crypto while US legislation on DeFi and stablecoins could redraw the rules you operate under
- What remains unknown
- The article does not say how many Democrats would need to cross over, nor what the conceded DeFi and stablecoin provisions actually say.
- Original source
- Republicans' "last, best and final offer" wins Trump's backing on stronger ethics rules and concedes on DeFi and stablecoin sticking points, but it's unclear if enough Democrats will cross over Tuesday.